About half of the 41 floats this year are trading below their listing price, with Indoor Skydiving Group, Fertoz and
Freelancer
the overall standout IPOs of the year.

Six new listings have hit the local market in the past five trading sessions - making it the biggest week of the year for IPOs - both in terms of the number of offers and the total value coming to market.

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On Monday, a $25 million float from corporate IT services provider
PS&C
dipped 11 per cent on debut. At close on Friday, the stock was trading at its float price of $1.00.

On Tuesday, the $250 million float from commercial property trust
Industria
REIT Fund shed 6.3 per cent on debut. By Friday’s close, the stock was down 5 per cent from its listing price at $1.90 apiece.

The $344.5 million float of electronics retailer
Dick
Smith Holdings on Wednesday closed flat after a volatile first trading day. It ended the week up 1.8 per cent above its listing price of $2.20.

On Thursday,
Lifehealthcare
Group launched a $76.6 million float and the medical implant distributor rose 0.5 per cent on debut. By Friday it was up 0.5 per cent from its listing price of $2.

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Fiducian Group investment manager Conrad Burge has not invested in any of the recent IPOs and does not plan to participate in any of the listings coming up before the end of the year, but he still wants to see new floats perform well.

“Even though there has been an increase in the number of IPOs in 2014 most have been relatively small so they have not had a big impact on the level of capital in market, but if Veda Group and Nine Entertainment Co continue to perform well over the coming weeks, that should encourage more businesses to list in early 2014," Mr Burge said.

“A strong pipeline of new listings shows businesses are confident of getting new projects off the ground and that promotes investor confidence in the market.

“Another positive is that more IPOs is likely to lead to more merger and acquisition activity in 2014, which should also help support the local equity market in the year ahead."

Another 13 IPOs are due to launch before the end of the year.

Floats to watch over the next five sessions are adult education group Vocation, pub operator Hotel Property Investments, physiotherapy gadget maker DorsaVi, and oil and gas explorer Real Energy Corp.